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USDA suspends some debt collections, foreclosures Actions temporarily suspended for several thousand distressed borrowers due to coronavirus   From Montana FSA BOZEMAN — Due to the national public health emergency caused by coronavirus disease 2019 — COVID-19 — the U.S. Department of Agriculture announced last week the temporary suspension of past-due debt collections and foreclosures for distressed borrowers under the Farm Storage Facility Loan and the Direct Farm Loan programs administered by the Farm Service Agency. USDA will temporarily suspend non-judicial foreclosures, debt o...

USDA suspends foreclosures on farm loans

Canton Daily Ledger WASHINGTON—Due to the national public health emergency caused by coronavirus disease 2019 (COVID-19), the U.S. Department of Agriculture announced the temporary suspension of past-due debt collections and foreclosures for distressed borrowers under the Farm Storage Facility Loan and the Direct Farm Loan programs administered by the Farm Service Agency (FSA). USDA will temporarily suspend non-judicial foreclosures, debt offsets or wage garnishments, and referring foreclosures to the Department of Justice; and USDA will work with the U.S. Attorney’s Office to stop judici...

"Not only is USDA suspending the pipeline of adverse actions that can lead to foreclosure and debt collection, we are also working with the Departments of Justice and Treasury to suspend any actions already referred to the applicable Agency. Additionally, we are evaluating ways to improve and address farm related debt with the intent to keep farmers on their farms earning living expenses, providing for emergency needs, and maintaining cash flow," Bonnie said. The temporary suspension is in place until further notice and is expected to continue while the national COVID-19 disaster declaration ...